It's definitely the waste vapor from the crankcase. It's supposed to be burned off during ignition but some of it is dropping out of the air stream and pooling in your intake. Catch can is the way to go!

Then, put a separate clutch fluid reservoir on your LS3. Two best mods IMHO to keep your car running great for a long time.
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Vararam CAI, Elite Engineering Catch Can, Separate Clutch Fluid Reservoir, Ghost Armor Full Protection Package, Chromed Turn Signal Bulbs, RPI Stealth Splash Guards, Skip Shift Eliminator, Defenderworx Chrome Bowtie Inserts, Pfadt Trailing Arms, Camaro Decal Store CGM Hood Spears with "376ci" custom text, Billet Depot/Drake Underhood Polished Caps, CGM Lug Nut Decals, Pedders Front Radius Rod Inserts, JacFab Front License Plate Bracket
